Telsey Advisory Group Has Weak Estimate for GIII Q2 Earnings

G-III Apparel Group, Ltd. (NASDAQ:GIII) – Equities researchers at Telsey Advisory Group decreased their Q2 2026 earnings per share (EPS) estimates for G-III Apparel Group in a research note issued to investors on Monday, June 9th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will earn $0.10 per share for the quarter, down from their previous forecast of $0.54. Telsey Advisory Group has a “Market Perform” rating and a $27.00 price target on the stock. The consensus estimate for G-III Apparel Group’s current full-year earnings is $4.16 per share. Telsey Advisory Group also issued estimates for G-III Apparel Group’s Q3 2026 earnings at $1.80 EPS, Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $2.88 EPS, Q2 2027 earnings at $0.08 EPS and FY2027 earnings at $3.50 EPS.

A number of other brokerages also recently commented on GIII. KeyCorp reduced their price objective on shares of G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group reduced their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen upgraded shares of G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 31st. Finally, Barclays reduced their price objective on shares of G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.80.

G-III Apparel Group Price Performance

Shares of GIII opened at $21.77 on Wednesday. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company has a market capitalization of $955.33 million, a price-to-earnings ratio of 5.71 and a beta of 1.48. The firm has a 50-day simple moving average of $25.88 and a 200-day simple moving average of $28.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year.

Institutional Investors Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently modified their holdings of GIII. Millennium Management LLC lifted its position in shares of G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock valued at $26,070,000 after acquiring an additional 554,933 shares during the period. Victory Capital Management Inc. lifted its position in shares of G-III Apparel Group by 513.2% during the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock valued at $18,430,000 after acquiring an additional 472,862 shares during the period. Nuveen LLC acquired a new stake in shares of G-III Apparel Group during the 1st quarter valued at approximately $11,614,000. Marshall Wace LLP increased its stake in shares of G-III Apparel Group by 80.6% during the 4th quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker’s stock worth $24,989,000 after purchasing an additional 341,870 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $7,628,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.